Nutshell Asset Management Ltd Makes New $188,000 Investment in PagSeguro Digital Ltd. (NYSE:PAGS)

Nutshell Asset Management Ltd acquired a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $188,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its stake in PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after purchasing an additional 4,233 shares in the last quarter. Virtu Financial LLC bought a new stake in PagSeguro Digital in the third quarter worth $98,000. Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital in the fourth quarter worth about $79,000. DGS Capital Management LLC bought a new stake in shares of PagSeguro Digital during the 3rd quarter worth about $113,000. Finally, Xponance Inc. increased its holdings in shares of PagSeguro Digital by 37.8% during the 4th quarter. Xponance Inc. now owns 17,105 shares of the company’s stock valued at $107,000 after acquiring an additional 4,695 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup reaffirmed a “neutral” rating and set a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.63.

PagSeguro Digital Stock Down 7.8 %

NYSE:PAGS opened at $7.84 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85. The company’s 50-day moving average price is $7.76 and its two-hundred day moving average price is $7.66. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The firm had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. On average, research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Profile

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.